Author: NBTC
Ripple has filed an opposition to the Securities and Exchange Commission (SEC)’s demand for $2 billion in penalties. In a detailed motion made public by Ripple’s defense lawyer, James Filan, the company disputes the SEC’s proposed penalties as overly punitive. Ripple argued that the suggested fines are disproportionate and suggested $10 million instead. Ripple Challenges SEC’s Heavy Fines in Court Filing The filing emphasized that the requested $2 billion in penalties by the Commission is not aligned with the actual circumstances of the case. According to the document, there were no allegations or findings of reckless behavior or fraudulent activity…
MoonPay is excited to partner with Tonkeeper to facilitate the USDt launch on The Open Network (TON). This partnership will undoubtedly serve to promote the accessibility and utility of digital currencies for the TON community. Driven by the innovative features of the TON, Tonkeeper is a user-friendly self-custody wallet that enables fast and secure transactions implemented on Toncoin and any other cryptocurrencies and tokens. MoonPay is supporting the launch of USDt on @ton_blockchain with @tonkeeper.Tonkeeper is the easiest self-custody wallet to pay Toncoin and other tokens.The Open Network is a global, decentralized blockchain community building the Web3 ecosystem in Telegram.Head…
In an era marked by rapid technological advances, DeCenter AI is taking significant strides to democratize artificial intelligence. By eliminating barriers to access, DeCenter AI is leveling the playing field, allowing innovators everywhere to harness the power of AI technologies without the burden of excessive costs or resources. The partnership with SKALE, touted as the world’s fastest blockchain network, is poised to significantly amplify this impact, enhancing accessibility and fostering faster innovation within the AI sector. DeCenter AI’s initiative involves a robust platform-as-a-service (PaaS) that dramatically simplifies how startups, SMBs, and larger enterprises can integrate, develop, and scale AI technologies.…
The launch of Bitcoin ETFs in early January 2024 was among the most anticipated milestones for the industry. Can we call the inception of BTC ETFs as a class successful? Eric Balchunas shares his take. $55 billion in assets, $110 billion in volume: Here’s what BTC ETFs achieved in two months Given the fact that 10 Bitcoin ETFs in the U.S. amassed $55 billion in assets and registered 100% larger trading volume, their success should be considered “simply absurd,” Senior ETF Analyst at Bloomberg Eric Balchunas says on X. First two months officially in the books (it’s felt like six)…
Kenya is initiating efforts toward crypto regulation, with the government forming a multi-agency team that includes the central bank. This group will develop rules and oversight for cryptocurrencies (also known as virtual assets) and the companies that deal in them (Virtual Asset Service Providers), local outlet NTV Kenya reported Monday. Kenyan National Treasury Cabinet Secretary Prof. Njuguna Ndung’u revealed the establishment of the multi-agency working group to the National Assembly. This follows warnings from regulators about unlicensed virtual asset products and a risk assessment by the Central Bank highlighting money laundering and terrorist financing concerns. This assessment highlighted the potential…
The South Korean city of Busan’s plans to launch a city-run, blockchain-powered digital assets exchange may be in peril, a report claimed on April 24. Per Naeil Shinmun, the project is “showing signs of trouble” after effectively delaying its official launch. Busan Digital Exchange Hit With Launch Delay Busan’s digital asset exchange plans have been in the pipelines for some time, but have already been beset with issues. The city initially wanted to become the first in the world to launch a crypto exchange. However, this plan hinged heavily on promised changes to central government policy that have yet to…
Art de Finance has presented the release of its Incentivized Testnet for the Artists Launchpad. It is a brand new method for the users to self-curate its artists to seed, this would be the most decentralized gallery platform in the universe. They gear towards a never-ending dynamic cycle in the blockchain realm that connects artists, galleries, and collectors concretely. 🎉 Incentive Artist Launchpad Testnet is live! (1) Go to the guide: https://t.co/FChdyI1iEl(2) Testnet: https://t.co/E3dYdFwEe7(3) ADF Testnet Faucet: https://t.co/8W1IuEmcCB⏰ Period: 24 April — 1 May🤑 Prize Pool: Total 10,000 ADF#Testnet #Airdrops #Launchpad pic.twitter.com/okwsIYevY7 — Art de Finance | Digital Renaissance with…
MicroStrategy CEO Michael Saylor said bitcoin will “eat” gold in the future. Bitcoin has all the the metal’s great attributes, but none of its problems. MicroStrategy on Monday purchased another 12,000 bitcoin, bringing its total holdings to 205,000 tokens. Appearing on CNBC after his company on Monday announced the purchase of an additional 12,000 bitcoins (BTC), MicroStrategy (MSTR) Executive Chairman Michael Saylor said the crypto will be a much more valuable asset than gold in the future. “Bitcoin is certainly at least digital gold, it’s going to eat gold,” Saylor said, “It’s got all of the great attributes of gold…
Staking Wormhole’s W token paired with JitoSOL in the Kamino liquidity pool on Solana is offering a more than 999% weekly return Participants can earn daily rewards of over 3,300 W and 666 JTO, worth $7,000 at current rates, plus trading fees. The pool has a capacity of $7.5 million, with just under $5 million locked as of now. It has generated $17,000 in fees from $6 million in trading volumes in the past 24 hours. Staking bridging application Wormhole’s newly released W token is making traders 999% a week as long as its capacity on Kamino, a decentralized finance…
According to Ripple, the SEC failed to disclose the expert’s identity and opinions during the discovery phase of the remedies litigation. Ripple has filed a new motion in its case against the SEC, asking Magistrate Sarah Netburn to exclude the new expert materials the plaintiff submitted in support of its opening remedies brief and final judgment entry. SEC Failed to Submit Fox Declaration During Discovery The crypto payments company recounted how the SEC deposed its supplemental expert report on disgorgement during the discovery phase of the remedies litigation. However, during this phase, the SEC did not tender a declaration from…